Great investment opportunity located on a corner lot just blocks away from Indiana Wesleyan University! All 3 units are rented bringing in a monthly gross revenue of $1450. Downstairs includes a one bedroom and a two bedroom unit. Upstairs has a one bedroom unit that has been completely remodeled. Property has a new roof, new windows, new plumbing, and new exterior work all done this year.
This well-maintained property offers an excellent investment opportunity in a serene country setting with established, long-term tenants providing steady income from day one. All tenants are on month-to-month leases, allowing flexibility for new ownership decisions. Low property taxes help keep costs manageable, while strong rental demand ensures high returns. The peaceful rural environment is a retreat for tenants, maintaining strong occupancy rates, while the convenient location provides easy access to Marion and major highways like IN-9, IN-37, IN-26, and IN-35 for a balanced mix of seclusion and accessibility. Whether you're a seasoned investor or just starting out, this property presents an ideal opportunity for reliable income with growth potential. Schedule a showing today!
4 Unit apartment house, 1 unit currently rented. All units have equipped kitchens, all are 1 bedroom units, 5 electric meters, seller pays for water, trash, heating and cooling, tenant pays for electricity for their unit. One car garage and storage unit is not currently used to ayone at this time.
This one story duplex also has a 2 car detached garage off the alleyway. There are 2 CenterPoint Energy Gas Company meters and tenants pays own heat. There is one (1) American Electric Power meter and one (1) water meter; with the owner paying the electricity and water/sewer/trash combined bill. Unit # 1 has lived there about 4 years and Unit # 2, 2 years. Unit 2 has had a bathroom refresh with new vanity/sink/faucets, also new vinyl, rubber backed flooring. Kitchen is getting a fresh coat of paint on the cabinets and walls. New flooring to be installed. Unit # 1 has new kitchen flooring.
This duplex has 2 bedrooms on the main level and also on the upper units. Main level has laundry hook up. Per previous MLS Sheet, proper3ty has newer roof, furnace and guttering. There is 1 meter for gas, electric and water. Owner pays all utilities. Both units are occupied. Main level rent is $850/monthly and 2nd level rent is $1000/monthly. Both units are part of the TBRA Program for rental assistance.
This duplex has long time tenants on both sides. North side is a Section 8 (HUD) renter. Both units have 2 large bedrooms and large living room. Partial unfinished basement. Owner pays water/sewer/trash. 2 gas meters and 2 electric meters. 24 hour notice to show.
DUPLEX ! Great Investment ! Lots Of Storage Space And Built In Cabinet Space ! Beautiful Original Hardwood Floors Throughout The Home ! French Doors That Lead To A Great Size Dinning Room Or Could Be Used For An Office !! Upstairs Offers Vinyl Flooring With Built Ins Through Out ! Large Living Room Area !! With Some TLC This Could Be A Great Investment Opportunity !! Both units are rented !!
This Is A Great Investment Opportunity Close To Downtown Marion And Walking Distance To The YMCA ! Apartment A Has 2 Bedrooms Could Be Used As 3 or Office And 1 Bath, Unfinished Basement ! Beautiful Hardwood Floors Through Out The House, New Countertops, New Flooring In The Kitchen, Gorgeous French Doors ! Washer and Dryer Hook Up, Appliances Remain, Electric Stove, Refrigerator, Gas-Furnace, Electric Water Heater and Central Air ! Apartment B Has 1 Bedroom, 1 Bath, Refrigerator, Electric- Stove, Gas Furnace, Electric Water Heater ! Apartment B Has A Long Time Tenant - Rents for $400 A Month, Apartment A Is Rented $500.
The median home value in Marion, IN is $145,000. This is higher than the county median home value of $117,700. The national median home value is $338,100. The average price of homes sold in Marion, IN is $145,000. Approximately 48.25% of Marion homes are owned, compared to 35.16% rented, while 16.59% are vacant. Marion real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Marion real estate agent to arrange a tour today!
Marion, Indiana has a population of 27,757. Marion is less family-centric than the surrounding county with 19.63% of the households containing married families with children. The county average for households married with children is 26.04%.
The median household income in Marion, Indiana is $37,835. The median household income for the surrounding county is $50,009 compared to the national median of $69,021. The median age of people living in Marion is 36.6 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 40.6 inches per year, with 26.8 inches of snow per year.